The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gopal Sponge and Power Pvt Ltd
VRAJ · price
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Gopal Sponge and Power Pvt Ltd, a promoter group entity of Vraj Iron and Steel, has received 55,55,500 equity shares (16.84% of voting capital) from V A Transport Pvt Ltd as part of a merger scheme approved by the Regional Director on 15 March 2026. Three promoter companies (Kirti Ispat, Utkal Ispat, and V A Transport) have merged into Gopal Sponge and Power, with the off-market transfer effective 27 March 2026. As a result, Gopal Sponge's individual holding in Vraj Iron and Steel has increased from 1,79,82,900 shares (54.52%) to 2,35,38,400 shares (71.36%). The overall promoter group shareholding in Vraj Iron and Steel remains unchanged since this is an internal restructuring.
No impact on total promoter group ownership or public shareholders — this is a purely internal reshuffle within the promoter group via merger, and not a fresh market purchase. Shareholders should note that ownership is now more concentrated under a single promoter entity (Gopal Sponge and Power Pvt Ltd holding over 71%), but no open offer trigger or change in control occurs.